Economic Indicators

Crisis-hit Sri Lanka swears in new prime minister

2022.07.22 09:10

Crisis-hit Sri Lanka swears in new prime minister
Dinesh Gunawardena, Leader of the House of Parliament arrives at a Buddhist temple as he waits for Ranil Wickremesinghe who has been elected as the Eighth Executive President under the Constitution, amid the country’s economic crisis, in Colombo, Sri Lank

By Uditha Jayasinghe

COLOMBO (Reuters) – Senior Sri Lankan lawmaker Dinesh Gunawardena was sworn in on Friday as the new prime minister, his office said, a day after the swearing-in of a new president as the Indian Ocean nation grapples with its worst economic crisis in decades.

The event came just hours after security forces raided a protest camp on government grounds in the main city of Colombo and cleared part of it, with at least nine arrests, as the new administration moves to crack down on protesters.

A former minister from the Podujana Peramuna party, Gunawardena took the oath of office in the presence of Wickremesinghe, seated in front of uniformed military officers in a room packed with lawmakers and officials.

The rest of the cabinet is expected to be sworn in later on Friday.

Sri Lanka’s crisis, the result of economic mismanagement and the fallout of conflict in Ukraine, sparked months of mass protests and eventually forced then president Gotabaya Rajapaksa to flee the country.

Wickremesinghe declared a state of emergency while seeking a bailout from the International Monetary Fund.

(Reporting Uditha Jayasinghe and Devjyot Ghoshal in Colombo, Writing by Shilpa Jamkhandikar; Editing by Clarence Fernandez)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 63,308.96 0.56%
ethereum
Ethereum (ETH) $ 2,639.47 0.61%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 601.78 1.38%
solana
Solana (SOL) $ 146.34 0.42%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.584949 1.19%
staked-ether
Lido Staked Ether (STETH) $ 2,639.15 0.60%
dogecoin
Dogecoin (DOGE) $ 0.107797 0.15%
the-open-network
Toncoin (TON) $ 5.60 1.34%
tron
TRON (TRX) $ 0.151911 0.04%
cardano
Cardano (ADA) $ 0.364379 2.08%
avalanche-2
Avalanche (AVAX) $ 27.26 1.90%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,109.70 0.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,311.96 0.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.77%
weth
WETH (WETH) $ 2,638.38 0.65%
chainlink
Chainlink (LINK) $ 11.41 0.03%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.11 0.81%
polkadot
Polkadot (DOT) $ 4.49 2.05%
near
NEAR Protocol (NEAR) $ 5.23 6.64%
dai
Dai (DAI) $ 1.00 0.04%
uniswap
Uniswap (UNI) $ 6.89 1.96%
leo-token
LEO Token (LEO) $ 5.58 3.10%
litecoin
Litecoin (LTC) $ 66.46 2.31%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,766.11 0.62%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.65 3.69%
internet-computer
Internet Computer (ICP) $ 8.76 1.48%
bittensor
Bittensor (TAO) $ 547.99 3.29%
sui
Sui (SUI) $ 1.51 4.08%
kaspa
Kaspa (KAS) $ 0.163105 2.60%
aptos
Aptos (APT) $ 7.85 0.93%
pepe
Pepe (PEPE) $ 0.000008 1.81%
monero
Monero (XMR) $ 166.59 4.96%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.11%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.405041 0.15%
stellar
Stellar (XLM) $ 0.09596 0.17%
ethereum-classic
Ethereum Classic (ETC) $ 19.02 1.10%
immutable-x
Immutable (IMX) $ 1.75 3.14%
blockstack
Stacks (STX) $ 1.88 5.21%
ethena-usde
Ethena USDe (USDE) $ 0.999267 0.04%
aave
Aave (AAVE) $ 168.25 0.48%
render-token
Render (RENDER) $ 6.14 0.02%
okb
OKB (OKB) $ 39.62 2.19%
crypto-com-chain
Cronos (CRO) $ 0.084721 1.74%
filecoin
Filecoin (FIL) $ 3.74 1.06%
injective-protocol
Injective (INJ) $ 22.40 1.28%
hedera-hashgraph
Hedera (HBAR) $ 0.05759 3.22%
arbitrum
Arbitrum (ARB) $ 0.59436 2.99%
mantle
Mantle (MNT) $ 0.623184 1.15%